Cambridge, IL 61238
$1,999,999
Mark Quesada
Broker / Owner
LIC #475144827
This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 509 10th Avenue, Orion. Together, the properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.
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$14,760/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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$127,400
Median sale price
69 days
Avg days on market
92.9% of list
Sells for
Closed sales in 61238 over the last 6 months, all home types.
Listed by Lori Bonarek, Lori Bonarek Realty
MLS# MRD12393172 · Active
History reflects records reported to the MLS and may be incomplete.
Construction
Lot & parking